Silver Coin Price and the Best Silver Coin Buyer in Las Vegas, NV
A silver coin is a piece of round precious metal wafer struck into a coin form, minted by the government. It is believed to be the oldest mass-produced form of coinage. Historically speaking, the first silver coins used by the human race were struck around 600 BC by the Lydian Empire. These coins were easily tradable and very liquid, costing rather low in terms of buying and selling price or value of silver coin to a silver coin buyer. In ancient times, saving silver coins was one of the most common practices of storing one’s wealth. Later on, government mints produced silver bullion coins for sale to investors. Today, people sell silver coins with respect to the spot price of silver for a fair business transaction.
Today, modern silver coins contain a purity of 99.9% (.999 fine) or more. Most silver coins weigh one troy ounce. These characteristics have become the informal standard in silver coins to make maintaining and tracking silver coins easier.
Silver Coin Price
There are many factors that determine the price of a silver coin. These include rarity, demand, condition, and the number of coins originally minted. Knowing the current spot price of silver is also a determining factor of the silver coin’s value. This means that the price of the silver coin is generally dictated by its spot price rather than its face value.
This is why if you wish to sell any silver coin of your possession, it’s best that you keep abreast of the pricing trends of silver and the factors that might influence it including the current market trends and expected future prices. Learn more about the spot price of silver Krugerrand here: https://www.kitco.com/charts/livesilver.html
Silver Coin Value
Typically, silver coins carry a face value called a “denomination” or the price of silver coin, which is usually lower than the coin’s value in terms of its silver content. As a legal tender, a silver coin’s weight and purity are backed by its issuing government. Of course, the production of fake silver coins is discouraged and prosecuted by any government. This brings peace of mind to investors.
Government-minted silver coins are generally more expensive than silver bars or rounds of the same weight. This is caused by the higher premiums that come with silver coins called “seigniorage”, which governments charge for their coins.
Best Silver Coin Buyer
Nevada Coin Mart is the #1 silver coin buyer in Las Vegas and Henderson. Licensed by Clark County, we are authorized to legally buy jewelry from the general public. We can give you a free quote or in-store evaluation for your silver coin item in person using a state-of-the-art x-ray spectrometer. This way. we ensure that you receive top dollar for your items. We are the best dealer of silver coin items that has transitioned into the modern technology age combined with the aim of providing the highest possible cash offerings and the best customer service.
Best Place to Sell Silver Coin
Nevada Coin Mart is definitely where you should sell your items especially for the best price of silver coins! We remain to be the #1 dealer of silver coins and other precious metals of your keeping. We have won the Best of Las Vegas Awards given and recognized by the Las Vegas Journal Review 12 times already. We pay the most cash for the price of silver coin that you are willing to sell.
We are open 365 times a year, from 9 am to 6 pm. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. You are absolutely at the right store with the best customer service for a worthwhile transaction of your silver coin items.
We Buy All Sorts of Silver Coins
Right now, there are a number of silver coins that circulate the market. If you happen to have one of the following, you can sell them to Nevada Coin Mart to earn cash up-front:
- Mexican Silver Libertad
- Chinese Silver Panda
- American Silver Eagle
- Canadian Silver Maple Leaf
- Australian Silver Kookaburra
- Australian Silver Kangaroo
- British Silver Britannia
- Austrian Silver Vienna Philharmonic
- Russian George the Victorious
- South African Silver Krugerrand